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SLF

Sun Life and UKG have announced a partnership to automate and simplify absence management for employers, aiming to enhance efficiency and reduce complexities in handling employee absences.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:35 am

BYDDF

BYDDY

Warren Buffett-backed Chinese EV maker BYD Co is set to globally debut its first pickup truck, the BYD Shark, in Mexico on May 14. This marks BYD's first new model launch overseas in recent years, highlighting its focus on foreign markets due to restrictions on pickup trucks in China. The BYD Shark, larger than the Toyota Hilux, is built on BYD's DMO platform and is a potential competitor to Tesla's Cybertruck. The launch is part of BYD's strategy to diversify its product offerings, including entering the pickup truck market and challenging luxury automakers with its premium sedan. A U.S. manufacturing lobby group has warned that the entry of Chinese EV makers into the American market could be a significant threat to the U.S. auto sector.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 8:28 am

CLVT

Clarivate has launched a new Epidemiology Intelligence service, designed to empower biopharma companies with comprehensive epidemiology, incidence, and prevalence data, as well as claims-based population insights. This service aims to provide precise market sizing and patient population analysis for the biopharma industry.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:15 am

CME

CME Group announced it will introduce Tuesday and Thursday expiries for its weekly WTI Crude Oil options starting in July 2024. This expansion aims to provide traders with more flexibility and precision in managing their exposure to the crude oil market.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:13 am

MAR

KKR and Marriott International, Inc. (NASDAQ:MAR) have announced a collaboration to enter the midscale hospitality market in Japan by converting 14 properties into Four Points Express by Sheraton hotels. This move follows KKR's acquisition of Unizo Hotel Company, Limited and its portfolio of 14 hotels from Unizo Holdings, marking Marriott's debut in the affordable midscale segment in Asia Pacific.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:09 am

AAPL

Apple, Inc. (NASDAQ:AAPL) is expected to focus on AI strategy following better-than-expected March quarter results, with a bullish outlook from Wedbush analyst Daniel Ives. Ives anticipates the iPhone 16, featuring new AI capabilities, to drive growth and potentially introduce a separate AI App Store. Apple's stock is rated 'Outperform' with a $250 price target by Wedbush.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 7:42 am

COST

PEP

TSLA

WMT

Tesla Inc.'s Semi trucks are gaining significant traction among S&P 500 companies, with a recent sighting of a Semi truck featuring the Costco Wholesale Corp. logo in California. This follows previous engagements with Walmart Inc. and PepsiCo Inc., who have also shown interest in Tesla's electric trucks. Tesla anticipates starting Semi deliveries in late 2025, with increased production expected at Gigafactory Nevada.

Portfolio Pulse from Ramakrishnan M

May 07, 2024 | 7:38 am

AAPL

Elon Musk's AI chatbot, Grok, has begun predicting future events, including summarizing an upcoming Apple Inc. event for launching new iPad products before it occurs. This feature is available to Premium subscribers on X (formerly Twitter), allowing them to read news summaries. The incident has sparked discussions online, with tech YouTuber Marques Brownlee (MKBHD) sharing a screenshot of Grok's prediction. This has led to jokes about Brownlee's potential critique of Grok, referencing his past reviews of tech products. Meanwhile, Apple is expected to launch new iPad models with M4 and M2 chips.

Portfolio Pulse from Ananya Gairola

May 07, 2024 | 7:26 am

SDZNY

Sandoz reported a strong first quarter with sales reaching $2.492B, a 5% increase in USD and 6% in constant currencies compared to last year. The biosimilar business grew by 21% in constant currencies. Growth was seen across all regions. Additionally, the acquisition of CIMERLI (ranibizumab-eqrn) was completed in March 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 7:11 am

AAPL

RIVN

Apple, Inc. (AAPL) is rumored to be considering a partnership with Rivian Automotive, Inc. (RIVN) for electric vehicle development, following a report by Digitimes. This speculation arises despite Apple previously halting its self-driving car project, 'Project Titan', to focus on generative AI. Rivian, facing its own challenges with losses and production issues, is moving forward with its next-generation EVs on the R2 platform. Both companies have upcoming events, with Rivian reporting Q1 results and Apple hosting a hardware launch.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 6:35 am